In some countries, owning a home rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation?

There is no doubt that many
people
prefer to buy their own home
instead
of renting one in recent times. In
this
essay, I will explain the reason behind
this
preference and why I believe
this
represents a negative development.
Firstly
, the most difficult aspect of renting a house is the relationship with landlords, so
people
think that owning their place is the best option to give them freedom.
This
is because, when someone rents a house, all changes in the decorations and furniture must be approved by the owner, who may not agree with the ideas.
For example
, even when something should be fixed or modernized in the house, the landlord must be aware of it.
As a result
, these situations may raise many arguments with landlords, which
people
try to avoid buying their houses.
On the other hand
, owning a home is not always a positive development because it can
also
be dramatically expensive, especially in large cities.
Due to
the lack of available houses to cover the demand of residents in
such
places, the prices have recently been rising.
For instance
, many
people
have to work long hours and take on extra shifts to cover their housing expenses and sometimes a mortgage is still needed.
As a result
, the risk of creating a significant debt is high, which may
last
for over 30 years sometimes.
To sum up
, buying a home can be an excellent idea for those who look for freedom, but it can
also
represent a negative development when
people
don’t have enough money to cover housing expenses.
Submitted by fredpolfernandes on

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Topic Vocabulary:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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